SINGAPORE - Media
OutReach - 27 September 2021 - Etiqa Insurance Singapore is proud to announce the launch of its first
Investment-Linked Plan (ILP), Tiq Invest, now available for online
purchase at Tiq by Etiqa Insurance.
Combining investment and life protection in a single policy, Tiq Invest
was conceived to cater to the financial needs of the everyday customer,
simplifying investment amid a global economy still reeling from the effects of
the COVID-19 pandemic.
Built to be a low-cost ILP, Tiq Invest breaks the mould with policy management
charges of just 0.75% per annum of the account value, among the lowest in the
local insurance market. The underlying funds of these investments are managed by
established and reputable global and regional asset management companies like
BlackRock, PIMCO, Lion Global Investors Limited among others. The digital ILP
affords policyholders a choice of Packaged Funds according to risk appetite, as
well as the freedom to top up and withdraw funds, or switch Packaged Funds at
any time, free of charge.
Other features of Tiq Invest include its low entry barrier, starting
from a single premium of just S$1,000. 100% of the premiums paid are invested. The
policy pays out a lump sum benefit upon death or terminal illness.
Mr Raymond Ong, Chief Executive Officer of Etiqa Insurance Singapore,
shares, "Tiq Invest provides customers with a way of meeting their financial
goals, pandemic or otherwise. With its low minimum premium, Tiq Invest was
designed with accessibility in mind. Through Tiq Invest, we offer our customers
financial flexibility without any lock-in period alongside opportunities to
grow their wealth, so they remain prepared for the unexpected, while on track
with their long-term plans."
The launch is accompanied by an integrated multi-channel video campaign
featuring the 'Worry Monster', who personifies the concerns one may have about
purchasing an ILP, conventionally thought of as expensive and complicated. The
video proceeds to demonstrate how Tiq Invest corrects these perceptions. Click here to watch the video.
Tiq Invest is
underwritten by Etiqa Insurance Pte. Ltd. and protected up to specified limits by SDIC.